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Cross-Border Transfers

Nasdaq and Citi are partnering to utilize blockchain technology to expand and improve cross-border and private company securities payments. Source: Nasdaq, Citi using blockchain for securities payments | American Banker

The creators of a top “altcoin” are building privacy features for JPMorgan’s blockchain platform. Source: Worlds collide: JPM works with team behind anonymous crypto Zcash | American Banker This is a well written and well-cited article. If you study the article and make use of all the hyperlinks, you will have learned a lot.

The Chinese government released draft rules that, if passed, would require foreign companies to “apply for permission to transfer data out of the country.” The rules would allow the government to review any data package over 1TB or with information on more than 500,000 people, and potentially block it from leaving China.

A Russian court on Thursday upheld a decision to block the website of social networking company LinkedIn Corp., Interfax news agency reported, setting a precedent for the way foreign internet firms operate in the country. Russia’s Roskomnadzor communications watchdog has said LinkedIn, which has more than 6 million registered users in Russia, was violating a…

Max Schrems is busy again. As many predicted, this time he is going after Facebook’s use of model clauses. He argues that the reasoning for the invalidation of Safe Harbor applies equally to transfers to the US by way of model clauses because the data is subject to the same mass indiscriminate access by the…